EURUSD Daily Forecast: July 26

EURUSD Forecast

The EURUSD was corrected higher yesterday and now struggling around 1.2160 resistance area. The bias is neutral in nearest term. I am still in a bearish mode and prefer to sell on rallies but a clear break above 1.2160/80 could trigger further bullish correction testing 1.2250 even testing 1.2300/30 region. Immediate support is seen around 1.2100. A clear break back below that area could trigger further bearish pressure and keep the bearish bias remain strong testing 1.2050 – 1.2000.

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